China's Tech Billionaires Also Threatened By Phone Scams

Posted: Apr 27 2016, 10:17am CDT | by , in News | Technology News


China's Tech Billionaires Also Threatened by Phone Scams
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China’s Technology Magnates threatened by Phone Fraud.

While it may seem to be next to impossible to envision, China’s tech billionaires and tycoons are in danger of becoming the victims of phone scams. The cell phone scammers are a crafty and shrewd bunch who can even wrap these big shots around their little fingers.

A prime example is Lei Jun who is the head of Xiaomi. He recently took to the blogosphere to whine about how he was almost bamboozled into participating in a phishing text message scheme.

Most phishing messages are meant to wheedle all the important information out of you and hence swindle you. 

Phishing scams tend to impersonate a real business. Yet they are fraudulent and often make a fool out of those who believe in them. New China reported that Lei told his listeners to be very careful regarding this novel form of Net Crime.

These words from Lei have led to a massive response from other Chinese citizens who have faced similar fraudulent solicitations. Many of these users of the Internet have been fooled into losing tons of money.

It is something which has become a huge problem due to the “free information” nature of the World Wide Web. Cheaters, hucksters and generally shady characters abound in cyberspace and the best policy is to stay away from anyone who offers you everything in exchange for nothing. 

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The Author

<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.




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